Political Quotes

James Blaine: “The one defective element in the National bank system is that it requires the permanence of National debt as the basis…”

On the record
The one defective element in the National bank system is that it requires the permanence of National debt as the basis of its existence.
Said by
James Blaine
Republican · Maine

Editor's note · Context

Blaine critiques the reliance on a perpetual national debt within the National Bank system.

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